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Should the government back new subprime mortgages?

By golfplan18   2013 Feb 5, 11:13pm   ↑ like (1)   ↓ dislike   567 views   4 comments   watch (0)   share   quote  

http://ochousingnews.com/news/should-the-government-back-new-subprime-mortgages?source=Patrick.net

The government needs to get out of housing finance. The losses at the GSEs apporach $150 billion, and the FHA needs its own bailout. These are losses all of us who didn’t participate in the madness get to pay. And as long as the government continues to back 90% or more of loans for residential real estate, the very real possibility of another even larger bailout looms. Given these realities, government policy makers have been and should be focused on reducing the government’s exposure and minimizing taxpayer bailout dollars.

#housing

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1   zzyzzx (85/85 = 100% civil)   2013 Feb 5, 11:37pm  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

Should the government back new subprime mortgages?

No! Duh.

2   Ironman (158/170 = 92% civil)   2013 Feb 5, 11:38pm  ↑ like (2)   ↓ dislike (1)   quote   top   bottom   home   share  

NO..... but they will!!

3   BobMSN   2013 Feb 6, 3:02am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Government should clean its ass and hands before touching anything.

4   bmwman91   2013 Feb 6, 3:28am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

THE SPICE MUST FLOW!

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